Starbucks Corporation (NASDAQ:SBUX) Stock Update: A Cautious Outlook from Cowen & Co.

Cowen & Co. maintains a "Hold" rating on Starbucks, with a price target increase from $84 to $89.Starbucks plans to open 650 new stores this year, focusing on the performance of its existing 16,000 U.S. locations.In Q1 FY2026, Starbucks reported a 4% growth in global comparable sales and a 5% increase in revenue, but saw a decrease in operating income and a 19% drop in earnings per share.Starbucks Corporation (NASDAQ:SBUX) is a global coffeehouse chain known for its premium coffee and customer experience. W ...